![In oil transactions with BPCL and HPCL, ONGC charges a premium over Brent.](https://market-tracker.in/wp-content/uploads/2023/11/heera-platform-600x400.jpg)
In oil transactions with BPCL and HPCL, ONGC charges a premium over Brent.
The largest producer of gas and oil in India, ONGC, has entered into long-term agreements with refiners to sell the crude oil it extracts from offshore resources in Mumbai at a premium to the global benchmark Brent, according to sources. The Oil and Natural Gas Corporation (ONGC) has agreements with Bharat Petroleum Corporation Ltd (BPCL)…